Salary Gross up

Question

Hi
Is it possible to find the Gross up of the salary
Eg: if I need to pay the consultant $100. I would like to know the gross up for that 100$
Please let me know if any method is there for it
Thanks
Regards
Ramesh kumar S

Answer 1

Hi Ramesh,
I have a setup document for Bonus element gross up. Please follow these steps below. It may help you to understand the setups of gross up :-)
1. Define an element to be calculated by net-to-gross processing. The element can use the DEFAULT_GROSSUP iterative formula and the CALC_GROSSUP_PAY_VALUE payroll formula.
2. Define and link the element, define the iterative processing rules, define the formula processing and result rules.
3. Attach this element to employee. Run a Payroll and check the gross amount paid to your employee.
Please see the below example with detailed setups:
Define a Grossup Element
1. Navigate to the Element window:
(N) Total Compensation > Basic > Element Description
2. Set your effective date as per the requirement.
3. Enter the name "Grossup Bonus". You can also enter a reporting name and description for the element.
4. Select a Primary Classification of Earnings.
5. Select Nonrecurring as the processing type.
6. Ensure that the Multiple Entries Allowed box is not checked.
7. Choose "Advanced" tab.
8. Select the Gross Up check box.
9. Select DEFAULT_GROSSUP in the Iterative Formula field and save the record.
11. Choose "Input Values" button.
12. Enter the input values shown below.
Name     Unit Type     Sequence     Required     User
Enterable     Lookup     Default
Amount     Money     2     Y     Y     --     
Low Gross     Money     3     N     N     --     
High Gross Money     4     N     N     --     
Remainder     Money     5     N     N     --     
To Within     Number     6     Y     Y     --     
Method     Character     7     Y     Y     ITERATIVE_METHOD     Interpolation
Additional Amount     Money     8     N     N     
13. Close the Input Values window and choose "Iterative Rules" button.
14. Select each result from the DEFAULT_GROSSUP formula and specify how the payroll run should use the result, as shown in the following table:
Return Name     Rule Type     Input Value to Adjust
ADDITIONAL_AMOUNT Adjust     Additional Amount
HIGH_GROSS     Adjust     High Gross
LOW_GROSS     Adjust     Low Gross
REMAINDER     Adjust     Remainder
STOPPER     Stop     --
15. Save your work and close the Iterative Processing Rules window.
16. Choose "Exclude Balances" button.
17. In the Exclude Balances window, display the list of values for the Name field to see which balances will be included in the net-to-gross processing. If they appear, select the Total Deductions and Superannuation Total balances to exclude from the Grossup processing.
Link the Grossup Element
18. Navigate to the Element Link window:
(N) Total Compensation > Basic > Link
19. Set your effective date as per the requirement.
20. Enter the name "Grossup Bonus".
21. Check the Link to All Payrolls box.
22. Save the record.
Create Formula Processing and Result Rules
23. Navigate to the Formula Result Rules window:
(N) Total Compensation > Basic > Formula Results
24. Set your effective as per the requirement.
25. Enter "Grossup Bonus" in the Name field.
26. In the Processing Rules region, select Standard in the Name field and CALC_GROSSUP_PAY_VALUE in the Formula field.
27. Save the record.
28. Ensure that your new Standard rule is selected, and click in the Name field of the Formula Results region.
29. Select PAYMENT_AMOUNT in the Name field.
30. Select Direct Result in the Type field.
31. Select Pay Value in the Input Value field.
32. Save the record.
Enter the Bonus For an Employee
33. Navigate to the Element Entries window:
(N) FastPath > Entries
34. Find the person you entered in the previous practice.
35. Set your effective date as per the requirement.
36. In the Element Name field, select your Grossup Bonus element.
37. Choose Cancel in the Cost Allocation flexfield window.
38. Choose "Entry Values" button.
39. Enter 400 in the Amount field.
40. Enter 0.1 in the To Within field.
41. Ensure Interpolation is selected in the Method field.
42. Save the record
Run the payroll.